Allahabad Bank

NEW DELHI: State-owned Allahabad Bank has launched enrollment for Unique Identification Number Aadhaar project of UIDAI. Enrollment forms for UID of 100 customers of the bank were also obtained last week, Allahabad Bank said in a statement. The KYC (Know Your Customer) norms of the bank will be much liberalised for the poor people under financial inclusion plan and the Aadhaar will be of great help for the bank in fulfillment of KYC norms, it said.

NEW DELHI: State-owned Andhra Bank today said the issue price for the proposed preferential allotment of equity to government has been fixed at Rs 90.69 per share. "Issuance of equity shares by way of preferential allotment to government to the tune of Rs 120 crore...the issue price has been arrived at Rs 90.69 per share," the bank said in a filing to BSE. This price represents about a 4 per cent premium to Andhra Bank's closing price of Rs 87.20/ share on...

CHENNAI: The Ministry of External Affairs (MEA) has begun accepting statements or passbooks of certain public sector banks as one of documents required for providing address proof by an applicant to obtain a passport. Accordingly, bank statements or passbooks of the banks are being accepted, Regional Passport Officer C Senthil Pandian said in a PIB release here. Earlier for provision of address proof, as per MEA rules, applicants had to submit photocopy of either water,...

NEW DELHI: State-run lender Allahabad Bank today said its net profit fell by about 50 per cent to Rs 164.11 crore in the third quarter of 2014-15 due to higher outgo on employee cost and taxes. The bank's net profit in the same quarter last year stood at Rs 325.36 crore. "Total income has increased from Rs 5,306.74 crore for the quarter ended December 31, 2013 to Rs 5,386.79 crore for the quarter ended December 31, 2014," it said in a BSE filing. Bank's ...

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now, gives his market outlook What is your trading opinion for the day? Allahabad Bank can still be bought with a stop of about Rs 154, target of Rs 170. Escorts can be bought with a stop of about Rs 86, target of Rs 97.

ET Now spoke to Rohit Shinde , Tech Research, Nimbus Wealth , on his stock picks. Allahabad Bank looking very strong on the charts still. Buy it around Rs 218 for a target of Rs 230 and a stop loss of Rs 213.

NEW DELHI: Punjab National Bank and Allahabad Bank plan a 60:40 joint venture in Kazakhstan at an initial investment of Rs 100 crore in the next two months. PNB and Allahabad Bank have already got the Reserve Bank's nod to float a subsidiary in Kazakhstan and will now need an approval from monetary authorities there, Allahabad Bank chairman O N Singh said flagging off its public offer. "It will take another two months to start a subsidiary in Kazhakstan," he said. PNB already has a representative...

MUMBAI: Indian Overseas Bank, a state-run lender, reported its second straight quarterly loss on Thursday as bad loans surged, sending its shares down as much as 10 percent. UCO Bank and Allahabad Bank, two other state-run lenders that reported quarterly results on Thursday, also saw their bad loan ratios widening, leading to a fall in their share prices. Chennai-based Indian Overseas Bank reported a net loss of 5.16 billion rupees ($83.45 million) for its fiscal third...

In a chat with ET Now, Mitesh Thacker of miteshthacker.com, shares his views on Allahabad Bank ET Now: Your view on Allahabad Bank? Mitesh Thacker: Allahabad Bank is a 'SELL' call with a target of Rs 110 and a stop loss of Rs 119.25.

NEW DELHI: State-owned Allahabad Bank has raised Rs 500 crore through private placement of bonds that are compliant with global capital adequacy norms, Basel III. "Allahabad Bank has informed BSE that the Bank has successfully raised BASEL III compliant Tier 2 Bonds aggregating to Rs 500 crore through private placement," the bank said in a filing to the BSE. However, the bank did not elaborate where the proceeds would be used. In November, the bank had said the bonds worth...

NEW DELHI: State-run Allahabad Bank has cut interest rate on retail term deposits having maturity period of one year to less than five years by 0.15 per cent to 8.75 per cent. "...the Bank has decided to revise the interest rate downward by 0.15 per cent i.e., from existing 8.90 per cent to 8.75 per cent on domestic retail term deposits scheme having maturity period of one year to less than five years," the bank said in a filing to the BSE. The revised interest...

NEW DELHI: Noting irregularities, the CVC has asked banks to follow proper procedure in probing corruption complaints received by them. "It has come to the notice of the Commission that in some banks, senior bank executives and CMDs as disciplinary authorities are treating cases or matters in which vigilance angle is perceived as 'non-vigilance' without following the due consultative process," the CVC said in a directive issued to all...

NEW DELHI: State-owned Allahabad Bank today obtained board approval for raising capital from various means including Qualified Institutional Placement (QIP). The board at its meeting held today have discussed and approved in principle the raising of capital of the bank through preferential or QIP issue, Allahabad Bank said in a statement. Funds would be raised in such a manner that the equity shareholding of the Government of India...